Baltic Dry Index falls to lowest level in more than 2.5 years

The Baltic Dry Index (BDI) has slid over the past week to the lowest level in more than 2.5 years.

The index, which serves as a barometer for overall strength of the dry bulk spot market, declined 8.1% over the past seven days to 621 points on Friday, marking the lowest it has fallen since registering 632 points on 5 June 2020.